Outcome of Board Meeting
NILAINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nila Infrastructures Limited's Board approved the audited standalone and consolidated financial results for the year ended March 31, 2026. The consolidated results show losses at the subsidiary level (Rs 102.81 lakhs), joint ventures (Rs 669.53 lakhs group's share), and associate (Rs 34.12 lakhs group's share). M/s MBD & Co. LLP issued an unmodified (clean) audit opinion on both standalone and consolidated results. The auditors' report includes an Emphasis of Matter regarding an Income Tax Department search operation from September 2021 - while appellate orders have substantially reduced demands against the Holding Company, similar appeals for joint ventures remain pending. The Board also appointed new internal auditor (M/s Dhirubhai Shah & Co. LLP) and cost auditor (M/s Dalwadi & Associates) for FY 2026-27.
The company reported consolidated losses while maintaining a clean audit opinion, which is a positive sign. However, the ongoing Income Tax appeals for joint ventures represent a contingent liability risk that investors should monitor.